Medvedev has increased the size of the subsistence minimum

Prime Minister of Russia Dmitry Medvedev signed a decree establishing the subsistence minimum per capita in the first quarter in the amount of RUB 9776 Relevant document published on the official portal of legal information.

“Set subsistence minimum in the Russian Federation for the I quarter of 2016 per capita 9776 rubles, for able-bodied population — 10524 ruble, pensioners — 8025 rubles, children — 9677 rubles”, — stated in the text of the resolution.

The Federal service of state statistics is mandated to provide the official publication of the information on the amount of the subsistence minimum.

In the fourth quarter of 2015, the subsistence minimum was set at 9452 RUB, thus, the increase amounted to RUB 324

The subsistence minimum is determined by the government to assess the level of life of the population in the country and is used in the development and implementation of Federal social programs, establishing minimum wage (SMIC), the size of scholarships, allowances and other social payments, as well as for the formation of the Federal budget.

In early June, the minimum wage in Russia has been increased by more than 20% from 6204 to RUB 7500 RUB. Justifying the initiative, the state Duma deputies have noted that it would be “a serious measure of income protection, which also reduces the income differentials in our society.

Meanwhile, experts said that the increase in the minimum wage will result in proportional growth of insurance premiums of individual entrepreneurs.